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Strategies & Market Trends : Point and Figure Charting

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To: Ms. X who wrote (4176)6/26/1998 8:37:00 PM
From: Ms. X   of 34816
 
Some Bearish Signal Reversals in Comp, Tele and Soft.

STK: Computer Sector.
RS is positive. Just reversed down today.

89
88 X
87 X X O
86 X X X O X O X
85 --------------X O 5 O X O X O --------X O ----------
84 X O X O X O O X O
83 X O X O 6 X X O Med
82 X O X O X O X X
81 X O O X O X O X
80 --------------X ------------O --O X O X ------------
79 X O O X
78 X O X
77 4 O
76 X <--Stop point, trade.
75---------------X ------------------------------------
74 X *
73 X * <--Stop point, long.
72 X *
71 X * Bot

ERTS: Software Sector
RS positive and getting stronger.

55
54 X
53 X
52 X
51 X
50-------------------------------X ------------
49 X X <--Good Pullback area
48 X O X X
47 X 5 O X O X X
4 X O X O X O X O 6 Med
45-----------X --X O X O --O X O X ------------
44 X X O X 4 X O * O X
43 X O X O X O X * O X
42 X O X 3 O X * O
41 X O O *
40-------X ----------* ------------<--Stop point

CCSC: Telephone Sector:
Just gave the Bearish signal reversal signal.

52
51 X
50 ------------- -X O 5 ------X ------------
49 X X O X O X
48 X X O X O X O X X
47 X O X O X O O X O X Med
46 X O X O O X O X
45 ----- -X 4 ----------O --6 X ------------
44 X O X
43 X X O X
42| X O X O X
41| X O X O
40 -------X 3 ----------------------<--Stop point
39| X
38| X Bot
37| X
36| X
35 -------X ----------------------* ------------
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